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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+6.13%
1 Year Est. Return
+22.47%
3 Year Est. Return
+62.53%
5 Year Est. Return
+77.87%
10 Year Est. Return
+302.07%
AUM
$74.8B
AUM Growth
-$4.94B
Cap. Flow
-$13.1B
Cap. Flow %
-17.46%
Top 10 Hldgs %
25.98%
Holding
2,503
New
223
Increased
806
Reduced
858
Closed
183

Top Buys

Rank Stock Value
1
CBRE icon
CBRE Group
CBRE
+$247M
2
AMD icon
Advanced Micro Devices
AMD
+$236M
3
CX icon
Cemex
CX
+$212M
4
MDT icon
Medtronic
MDT
+$191M
5
MRVL icon
Marvell Technology
MRVL
+$177M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$540M
2
NVDA icon
NVIDIA
NVDA
+$460M
3
CB icon
Chubb
CB
+$448M
4
MSFT icon
Microsoft
MSFT
+$439M
5
AEP icon
American Electric Power
AEP
+$388M

Sector Composition

Rank Sector Weight
1 Technology 25.58%
2 Financials 14.16%
3 Healthcare 13.43%
4 Consumer Discretionary 9.58%
5 Industrials 9.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.83T
$4.15B 5.55%
9,636,793
-1,026,507
-10% -$439M
AMZN icon
2
Amazon
AMZN
$2.51T
$3.04B 4.06%
16,302,054
-1,267,478
-7% -$231M
AAPL icon
3
Apple
AAPL
$4.72T
$2.5B 3.34%
10,729,055
+308,038
+3% +$68.8M
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$3.89T
$1.85B 2.48%
11,166,692
-3,217,199
-22% -$540M
ICE icon
5
Intercontinental Exchange
ICE
$81B
$1.49B 1.99%
9,260,241
-410,800
-4% -$63.3M
NSC icon
6
Norfolk Southern
NSC
$78.3B
$1.42B 1.9%
5,706,575
-601,845
-10% -$144M
V icon
7
Visa
V
$669B
$1.38B 1.85%
5,028,307
-323,284
-6% -$87.4M
UNH icon
8
UnitedHealth
UNH
$385B
$1.27B 1.7%
2,178,654
-338,567
-13% -$191M
ACN icon
9
Accenture
ACN
$84.9B
$1.18B 1.58%
3,344,286
-778,310
-19% -$256M
BAC icon
10
Bank of America
BAC
$430B
$1.15B 1.53%
28,857,237
-686,739
-2% -$27.5M
TMO icon
11
Thermo Fisher Scientific
TMO
$213B
$1.11B 1.48%
1,790,155
-16,900
-0.9% -$10M
EXC icon
12
Exelon
EXC
$48.4B
$974M 1.3%
24,008,410
-1,769,150
-7% -$66.5M
AON icon
13
Aon
AON
$76B
$923M 1.23%
2,667,404
-602,136
-18% -$197M
XOM icon
14
ExxonMobil
XOM
$650B
$904M 1.21%
7,713,176
-114,164
-1% -$13.2M
AVGO icon
15
Broadcom
AVGO
$1.87T
$900M 1.2%
5,216,502
-1,028,838
-16% -$165M
DHR icon
16
Danaher
DHR
$135B
$865M 1.16%
3,111,442
-68,167
-2% -$18M
AMAT icon
17
Applied Materials
AMAT
$447B
$850M 1.14%
4,205,129
-841,690
-17% -$173M
IQV icon
18
IQVIA
IQV
$34.6B
$790M 1.06%
3,334,469
+45,954
+1% +$10.8M
MRVL icon
19
Marvell Technology
MRVL
$188B
$787M 1.05%
10,910,542
+2,556,493
+31% +$177M
ADI icon
20
Analog Devices
ADI
$185B
$779M 1.04%
3,385,307
-238,348
-7% -$53.7M
PLD icon
21
Prologis
PLD
$135B
$765M 1.02%
6,061,541
-370,199
-6% -$45.9M
APH icon
22
Amphenol
APH
$194B
$764M 1.02%
11,728,005
+393,667
+3% +$25.5M
TSM icon
23
TSMC
TSM
$2.16T
$745M 1%
4,291,511
-48,750
-1% -$8.31M
KO icon
24
Coca-Cola
KO
$349B
$738M 0.99%
10,271,959
-274,092
-3% -$18.8M
WM icon
25
Waste Management
WM
$95.3B
$737M 0.98%
3,547,961
-34,624
-1% -$7.22M
1
2 3 4 5

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Lazard Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, Lazard Asset Management held 2,503 positions worth $74.8B, down 6.2% from $79.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management withdrew a net $13.1B in Q3 2024, closing 183 positions and reducing 858 holdings. Its most notable exit was Brookfield, an estimated $37.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in Mizuho Financial worth $63.7M.

  • Lazard Asset Management's largest Q3 2024 buy was Mizuho Financial: 15,229,057 shares worth $63.7M.
  • Lazard Asset Management added most to CBRE Group in Q3 2024, an estimated $247M increase.
  • Lazard Asset Management's biggest Q3 2024 reduction was Alphabet (Google) Class A, cutting an estimated $540M.
  • Lazard Asset Management fully exited Brookfield in Q3 2024, selling an estimated $37.2M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $74.8B portfolio in Q3 2024.
  • Lazard Asset Management opened 223 new positions and closed 183 in Q3 2024.
  • Lazard Asset Management's portfolio value fell 6.2% quarter-over-quarter to $74.8B.

Based on Lazard Asset Management's 13F filing for Q3 2024, filed 14 Nov 2024.